Your Complete Home Insurance Guide for Indiana

Full analysis of property crime rates and insurance costs in your city.

Popular Questions about Indiana Home Insurance

The average American homeowner pays $1,173 per year for home insurance, but in Indiana, the average annual premium is $983. Even though insurance is much less expensive for homes in Indiana than it is throughout much of the country, there is still room for big savings. Let a local independent insurance agent help you find coverage at the best price.

Your home insurance gives you a backup plan in case a catastrophe strikes in your neighborhood. Whether it's a fire, heavy winds or a burglary, you're covered if you have a suitable Indiana homeowners insurance policy.

Insurance carriers calculate the cost of a home insurance policy by asking "how likely is it that something bad will happen?" The more likely it is that something bad will happen, the more expensive the home insurance policy will be, and vice versa. We call these potential disasters "risk." Let’s take a look at how risky Indiana is compared to the rest of the US.

Crime:

Property crime rates in Indiana exceed the national average. Homeowners should take steps to protect their property and should be sure that their home insurance coverage limits are sufficient to adequately protect them in the event of a break-in.

Average number of burglaries per 1,000 homes in IN: 5.14

Average number of burglaries per 1,000 homes in the U.S.: 4.69

Weather:

Winter weather in Indiana can cause a lot of difficulties for local homeowners. Freezing temperatures can lead to frozen pipes and water damage, and heavy snow can lead to problems with collapsing roofs. Home insurance is designed to cover these and other risks.

Number of federally declared disasters since 1953: 48

Most common cause of disasters in the state: Severe Storms

Average number of tornados per year in the state: 24.6

Amount paid in home insurance claims in 2016: $1,003,810,000

Home Values:

The estimated cost to rebuild your home will play a large role in how much your home insurance costs. In Indiana, the average home values are significantly lower than the national average, which helps to explain why costs in this state are relatively low when compared to other states.

Yes! There are currently 503 independent insurance agents in Indiana who are ready to help. Did you know that independent insurance agents can give you multiple policy options to choose from? That way, you'll receive completely customized coverage that addresses all of your unique insurance needs.

Find the Best Insurance in Your City

Now, let's take a quick peek at what’s going on in your city. Insurance companies look at a lot of factors when determining home insurance costs. One of many factors is location. Crime rates, weather catastrophes and the overall cost of your home will also factor into how much your home insurance will cost.

How does your city measure up to the national average?

National average home insurance cost – $1,173 / year

National average burglary rate per 1,000 homes – 4.69

National average home value - $188,900

City

Avg. Monthly Cost for Home Insurance

Avg. Yearly Cost for Home Insurance

Avg. Home Value

Burglary Rate per 1,000 Homes

Indianapolis

$94

$1,125

$128,200

12.84

Fort Wayne

$69

$829

$108,400

6.86

Evansville

$80

$962

$92,800

9.03

South Bend

$62

$738

$77,400

12.11

Carmel

$121

$1,451

$315,200

2.21

Fishers

$116

$1,390

$260,800

0.54

Bloomington

$109

$1,307

$185,900

5.86

Hammond

$60

$716

$87,000

6.75

Lafayette

$66

$789

$112,800

8.96

Muncie

$59

$702

$71,900

6.96

Portage

$89

$1,065

$143,354

2.69

Westfield

$101

$1,211

$239,855

5.92

New Albany

$69

$825

$115,107

8.67

Richmond

$68

$817

$85,721

16.46

Merrillville

$82

$988

$136,923

5.12

Terre Haute

$66

$788

$82,781

11.44

Noblesville

$84

$1,004

$188,382

2.53

Kokomo

$79

$948

$92,750

8.80

Greenwood

$87

$1,049

$143,543

3.17

Anderson

$59

$711

$72,233

9.01

Elkhart

$67

$809

$88,229

9.24

Mishawaka

$79

$944

$99,955

5.09

Lawrence

$88

$1,050

$138,096

5.38

Columbus

$92

$1,099

$156,618

4.42

West Lafayette

$99

$1,183

$208,074

1.41

Goshen

$66

$789

$115,059

7.42

Valparaiso

$95

$1,137

$179,719

1.70

Michigan City

$77

$922

$90,565

6.73

Schererville

$100

$1,201

$223,547

1.89

Indianapolis, IN Home Insurance

The average monthly cost of homeowners insurance in Indianapolis is $94. Several considerations can impact your personalized rate for home insurance. The crime rate in your ZIP code, the size and age of your home, and even your credit score are just some of the factors that help determine how much you pay for your home insurance coverage. Your actual rate may therefore be considerably higher or lower than the average.

Home insurance covers against most weather-related and accidental damage to your home. It can also cover you against losses related to property crime, a real threat in high-crime Indianapolis. If you come home from work one day to discover that your house has been ransacked and your grandmother's pearls are missing, know that your insurance company has your back. Get a police report, file a claim with your insurance provider, and you may receive compensation for the damage and stolen valuables. Your local independent agent can assist you throughout the claims process.

Independent insurance agents can give you a major advantage in your search for the best home insurance in Indianapolis. These agents can connect you with quotes from multiple companies in one convenient place, making it fast and easy to find the coverage you need at a price you can afford.

Fort Wayne, IN Home Insurance

Residents of Fort Wayne pay an average of $69 per month for their homeowners insurance. Home insurance prices will vary from one property to the next, but here in Fort Wayne, where the average home price is relatively low, your rates should be affordable. Factors like your home's size, age, and location and your credit and claims history can all play a role in how much you are expected to pay.

In addition to covering you against property crimes, accidents, and liability claims, your home insurance can cover against most major weather events. Summer storms are sometimes intense in Fort Wayne, causing occasional damage from wind, hail and lightning. If your house is damaged by weather, your home insurance policy can cover the ensuing costs.

Finding the best homeowners insurance in Fort Wayne starts with a call to an independent insurance agent. Unlike agents who are tied to a specific company, independent agents can quote from multiple policies, giving you more options in your search for the right homeowners insurance coverage to meet your needs.

Evansville, IN Home Insurance

On average, homeowners in Evansville pay $80 a month for their home insurance coverage. The lower-than-average home values in this city play a role in how this average rate is calculated. Your actual home insurance premium could be considerably higher or lower, depending on several factors like the crime rate in your ZIP code, the size and age of your home, your credit score, and the age of your roof.

Sometimes, unexpected accidents can cause major problems for homeowners. For example, if a pipe bursts in your washer and your laundry room floods, your home insurance policy may cover the cost to repair the damage to your floors and walls. Home insurance also covers against damage caused by severe weather, fires, and injuries to others while in your home if negligence played a role and you are sued. Talk to your local independent insurance agent to learn more about what is and is not covered by your policy.

When you work with independent agents in Evansville, you'll get one-on-one support in your search for the best coverage. Independent agents can quote from multiple policies, giving you more options and better rates on insurance for your home.

South Bend, IN Home Insurance

The average monthly cost of homeowners insurance in South Bend is $62. These are some of the lowest rates in the state, largely because of the lower-than-average property values of homes in the area. Your actual premium might be considerably higher or lower than the average. It all depends on factors like your home's age and building materials, the crime rate in your ZIP code, and the amount of coverage you wish to purchase.

South Bend home insurance covers against loss or damage to your home that may result from severe weather like tornados, or accidents like house fires. It also covers against property crime, and this is important in South Bend, where the burglary rate is nearly three times the national average. In the event that your home is burglarized, first ensure that you and your family are safe, and then call the authorities to obtain a police report. You will need this report and a detailed list of your lost or damaged property when you submit a claim for compensation from your insurance company.

Independent Insurance agents take the guesswork out of choosing the best homeowners insurance in South Bend. Your agent will provide quotes from multiple policies and help you compare benefits until you find the right policy to meet your coverage and budgetary needs.

Carmel, IN Home Insurance

At an average of $121 per month, homeowners in Carmel pay some of the highest home insurance rates in the state. Given the high property values in this city, that is not surprising. The more you have to protect, the higher your coverage limit needs. Your actual costs will depend on factors like the age and square footage of your home and information about the residents of the home. Your premium might therefore be considerably higher or lower than this average.

In addition to covering you against many weather-related events and accidents like fires, your Carmel homeowners insurance offers liability protection. This is particularly important if a guest in your home is injured and sues you for negligence. If your property includes a swimming pool or trampoline, or if you own a dangerous breed of dog, your insurance company may charge slightly higher rates because of the increased risk of a liability lawsuit.

Rather than buying insurance directly from a carrier, work with an independent agent to get the best rates. Independent agents aren't locked into one company, so they can provide multiple quotes and help you find the best insurance for your specific coverage needs.

Fishers, IN Home Insurance

The average monthly cost of homeowners insurance in Fishers is $116. Though crime rates are low in the city, property values are high, and this means a need for higher coverage limits. Your actual home insurance premiums could be higher or lower than this average, because the cost is calculated according to several factors including the age and value of your home, and your credit score.

Your home insurance can cover you against property crimes, weather-related damages liability lawsuits, and even accidents like house fires. Consider this: A small spark can quickly turn into a raging inferno that leaves your home completely destroyed. Whether the fire is caused by lightning or an electrical problem, you can file a claim with your insurance company and have peace of mind knowing that fire damage is covered.

To get the best rates on homeowners insurance in Fishers, choose an independent agent. Unlike agents who work directly for a specific company, independent agents can quote from multiple policies, giving you more options when you are looking for affordable coverage for your home.

Bloomington, IN Home Insurance

Residents of Bloomington pay an average of $109 per month for their homeowners insurance coverage. Your actual home insurance premium could be higher or lower, depending on variables like the crime rate in your ZIP code, the size and age of your home, your credit score, and the amount of coverage you wish to purchase.

You have probably invested a lot in your home, considering the higher-than-average property values in this city. Protect that investment with a suitable home insurance policy. This insurance covers you against damage related to such things as severe weather, property crimes, and liability lawsuits. If you need to file a claim, your local independent agent can assist and advocate on your behalf.

Independent agents offer personalized support to homeowners who are searching for affordable insurance in Bloomington. These agents are free to quote from multiple policies, giving you more options and the best rates on reliable homeowners insurance.

Hammond, IN Home Insurance

At an average of $60 per month, residents of Hammond pay some of the lowest home insurance rates in the state. Given the lower-than-average property values and relatively low crime rates in this city, it is little wonder. Your actual premiums may be higher or lower than this amount. It all depends on such factors as the age and location of your home, your credit score, previous claims, and the amount of coverage you are purchasing.

Home insurance can cover you against most of the risks you face as a homeowner in this city. These include such things as property crimes, liability lawsuits, accidental fires, and severe weather. Hammond's cold winters can often bring heavy snow and ice. If your roof is damaged by heavy snow, or if your pipes freeze and burst, the resultant costs can be exorbitant. Fortunately your home insurance plan can step up to cover the cost of repairs.

Working with an independent insurance agent gives you several major advantages. Independent agents can quote from multiple policies and help you find the most budget-friendly coverage to protect your home from Hammond's most worrisome threats.

Lafayette, IN Home Insurance

On average, residents of Lafayette pay $66 per month for their homeowners insurance coverage. Premiums in Lafayette tend to be more affordable than in other parts of the state, thanks to lower crime rates. However, your personal cost could be slightly higher or lower, depending on the size and age of your home, previous claims, and your credit score.

Lafayette home insurance is designed to cover you against several hazards you may face as a homeowner in this city. One example is coverage against tornadoes. Tornadoes are a real risk in this state, and they can cause major damage to local homes. If a tornado touches down in your neighborhood, breaking your windows or destroying your roof, your home insurance policy can cover the cost for repairs.

Rather than buying insurance from a company with few basic policy options, choose an independent agent who can provide quotes from multiple carriers. This will give you more options to choose from and help you score significant savings on your Lafayette homeowners insurance premiums.

Muncie, IN Home Insurance

The average monthly cost for home insurance in Muncie is $59. You can expect your actual rates to be considerably higher or lower that this amount depending on factors like the age of your house, your credit score, previous claims, and the amount of coverage you are purchasing. Because home values in this city are lower than the state average, homeowners tend to have lower coverage limits, making the rates for coverage in this city low as well.

A local independent insurance agent can help you review various policies to ensure that you are properly covered against the risks you are most likely to face such as damage caused by freezing, heavy snow, tornados, severe storms, and property crimes. Parts of this city are also prone to flood damage. Be aware that home insurance does not cover flood damage, but your agent can help you acquire a supplemental flood insurance policy that will.

Independent insurance agents can help you find major savings on homeowners insurance by offering quotes on multiple policies. Take time to compare rates, and let your agent help you find the most affordable, reliable coverage for your home.

For Insurance Carriers

This information is designed to help you with your decision-making, and it is not intended to provide advice. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you.